Short Interest in The Beachbody Company, Inc. (NYSE:BODI) Decreases By 6.8%

The Beachbody Company, Inc. (NYSE:BODI) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 155,300 shares, a decline of 6.8% from the November 15th total of 166,600 shares. Approximately 4.5% of the shares of the stock are short sold. Based on an average trading volume of 24,100 shares, the short-interest ratio is presently 6.4 days.

Beachbody Stock Up 0.6 %

Shares of NYSE BODI opened at $6.87 on Wednesday. The stock has a market capitalization of $47.57 million, a P/E ratio of -0.44 and a beta of 1.16. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.52. Beachbody has a one year low of $5.14 and a one year high of $13.45. The firm’s 50 day simple moving average is $6.46 and its two-hundred day simple moving average is $7.10.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating and issued a $12.00 target price on shares of Beachbody in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Hedge Funds Weigh In On Beachbody

Institutional investors and hedge funds have recently made changes to their positions in the business. Raine Group LLC bought a new stake in Beachbody in the third quarter worth $25,000. Mill Creek Capital Advisors LLC bought a new position in shares of Beachbody during the third quarter valued at about $186,000. Rockefeller Capital Management L.P. purchased a new position in shares of Beachbody in the third quarter worth about $625,000. MSA Advisors LLC bought a new stake in shares of Beachbody in the 3rd quarter valued at about $668,000. Finally, Whetstone Capital Advisors LLC purchased a new stake in Beachbody during the 3rd quarter valued at about $1,071,000. Institutional investors own 74.48% of the company’s stock.

Beachbody Company Profile

The Beachbody Company, Inc operates as a subscription health and wellness company that provides fitness, nutrition, and stress-reducing programs in the United States and internationally. The company operates Beachbody on Demand, a digital subscription platform that provides access to a library of live and on-demand fitness and nutrition content; and Beachbody on Demand Interactive (BODi) for live fitness and nutrition programs.